The sluggish situation of the domestic acetone market is difficult to change, and the focus of negotiations continues to decline. According to the Commodity Market Analysis System of Business Society, the negotiated price of acetone in the East China region dropped from 5350 yuan at the beginning of the week to 4950 yuan/ton on June 2, and the average price in the national market dropped from 5895 yuan/ton to 5195 yuan/ton, a decrease of 11.87%
| Gamma-PGA (gamma polyglutamic acid) |
The terminal demand is severely insufficient, and actual orders in the market are rare. There is a serious lack of follow-up on the demand side, with very few customers actively entering the market for procurement. Holders are under pressure and have a high intention to sell out. Major mainstream market quotations are constantly declining, and factories have had to lower their listing prices multiple times in an inverted situation. Downstream factories are mainly wait-and-see, which hinders the procurement process.
The acetone offers in major mainstream markets across the country on June 2nd are as follows:
Region/ Quotation/ Weekly decline
East China region/ 4950./-400
Shandong region/ 5150./-600
Yanshan region/ 5250./-700
South China region/ 5450/- eight hundred
The factory has to lower its listing price due to being upside down. On the 2nd, Sinopec’s listing price in East China was 5200 yuan/ton, while Sinopec’s listing price in North China was 5200 yuan/ton. The listing price of Lihua Yiwei Yuan acetone dropped to 5100 yuan/ton. In the face of market downturn, the acetone factory lowered its listing price. And currently, the losses of phenolic ketone factories are increasing.
The operating rate of domestic phenolic ketone enterprises has been adjusted. Jiangsu Hengrui’s 650000 ton/year phenolic ketone plant was shut down for maintenance on May 30th, and Mitsui’s 400000 ton/year and Lihuayi’s first unit resumed restart on the 29th. Zhejiang Petrochemical’s Phase II 650000 ton/year phenolic ketone plant restarted in June.
As the market continues to decline, terminal factories at the beginning of the month are mainly focused on digesting contracts, with insufficient proactive procurement and difficulty releasing short-term actual orders. It is expected that the market will still struggle to improve next week, and there are also expectations of further bottoming out.
| http://www.lubonchem.com/ |